Alcoa earmarks two smelting plants for demolition.
Aluminum producer Alcoa Inc. plans to raze two idled smelting facilities, according to documents filed with the US Securities and Exchange Commission.
Slated for demolition are the 60,000-tonne-per-year Badin Works smelter in Badin, N.C., and the 195,000-tonne-per-year Eastalco smelter in Frederick, Md.
According to Alcoa’s regulatory filings, the permanent shuttering of the two plants will result in an after-tax charge of $120 million in the first quarter, in addition to $10 million to $15 million in demolition-related costs.
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